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fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein and i write novels. no one wants to hold up a tax cut for most people in this country so the richest people can avoid paying their fair share. it's absurd. happy to pay the additional taxes if he agrees not to spend any more than he already has. >> reporter: come on. give me a break. >> of course the rich will have to pay more. they could certainly suck it up. >> i don't know what that means. >> one party can't add and the other party are too much wooses. >> reporter: the fiscal cliff? >> there's money problems. >> please don't film me. >> republicans can't add and the democrats are woosies. i'm no
fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein...
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Dec 28, 2012
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their past fiscal cliff talks have not been productive. adding to the urgency, 2 million unemployed americans will lose their benefits on saturday if a deal is not reached. the nation's borrowing limit to finance is 16 trillion will be maxed out by monday. and it is unclear how lawmakers will move forward at this point, but if the senate is able to make a deal before the house returns to capitol hill sunday, house members will have about 24 hours to approve it. live at the white house, danielle nottingham. derek, back to you. >> danielle, thank you. >>> derek, you might remember a few weeks ago we built, then broke out the 9news fiscal cliff soapbox, giving our passionate viewers a chance to sound off on the impending fiscal cliff. now that the cliff is within spitting distance we thought it might be a good time to head out again with the soapbox. earlier today that's exactly what i did with a lot of help from photojournalist chip and producer elizabeth. >> reporter: what do you do for a living? >> i'm in the government. >> reporter: so yo
their past fiscal cliff talks have not been productive. adding to the urgency, 2 million unemployed americans will lose their benefits on saturday if a deal is not reached. the nation's borrowing limit to finance is 16 trillion will be maxed out by monday. and it is unclear how lawmakers will move forward at this point, but if the senate is able to make a deal before the house returns to capitol hill sunday, house members will have about 24 hours to approve it. live at the white house, danielle...
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Nov 16, 2012
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is there open outcry about the fiscal cliff? >> now that the election is over, we're seeing an uptick in activity around issues remitted to the fiscal cliff and -- related to the fiscal cliff and primarily we're seeing a lot of energy around sequestration, middle class tax cuts, and this is a really tricky time for people. so they're very concerned. >> well, let's take a look at some of the data points that you actually have from the letters that are coming into pop box. let's take a look specifically at sequestration. what are the findings there? i mean, it seems like people are very much opposed to this happening. >> overwhelmingly about three in four of pop box users oppose sequestration. and they're really concerned about the economy and what sequestration would do to their economy and a possibility of a recession. but there are one in four people that do want to just get something done and they support sequestration. >> let's talk about the middle class tax cut act. what are the findings there? i knows this something that's
is there open outcry about the fiscal cliff? >> now that the election is over, we're seeing an uptick in activity around issues remitted to the fiscal cliff and -- related to the fiscal cliff and primarily we're seeing a lot of energy around sequestration, middle class tax cuts, and this is a really tricky time for people. so they're very concerned. >> well, let's take a look at some of the data points that you actually have from the letters that are coming into pop box. let's take...
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Dec 9, 2012
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the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy new year. question, patrick, looking into the crystal bal
the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable...
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. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as of today, possession of small amounts of marijuana is legal in the state of washington. >>> now the 55th annual grammy awards revealed. the top contender, kanye west and jay-z. >> he's got it. kobe bryant. the greatest player in the history of the los angeles lakers. >> all that, ready for your mistake? >> yeah. i'd like to hear it. >> can eating while driving be distracting. >> no! >> and all that matters. >> former senator alan simpson is bringing his meg abossage ab the national debt to a new generation. >> gangnam style. >> on cbs "this morning." >> the star? a toddler and tiaras earning a spot on barbara walters list of the 20 most f
. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as...
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Dec 19, 2012
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. >>> on the fiscal cliff, no deal, at least not yet. with 13 days to go until the end of the year and the fiscal cliff, the white house and republicans both are remaining hopeful that they can get something done. but as the time draws near, some are saying you better have a plan b. danielle nottingham with that. >> reporter: house speaker john boehner is rolling out a backup plan to prevent a tax hike on january 1st, in case he does not reach a fiscal cliff deal with the president. >> our plan b would protect american taxpayers who make $1 million or less. >> reporter: still looking for a way to avoid the cliff's automatic tax hikes and sweeping spending cuts, the white house quickly rejected baner's proposal. >> you would lose hundreds of millions of dollars of revenue and most of that money or a significant portion of it would go to millionaires. >> reporter: despite all the talk of a backup plan, the day began inside the capital with real optimism that a fiscal cliff compromise with the white house is getting closer. both sides are m
. >>> on the fiscal cliff, no deal, at least not yet. with 13 days to go until the end of the year and the fiscal cliff, the white house and republicans both are remaining hopeful that they can get something done. but as the time draws near, some are saying you better have a plan b. danielle nottingham with that. >> reporter: house speaker john boehner is rolling out a backup plan to prevent a tax hike on january 1st, in case he does not reach a fiscal cliff deal with the...
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a pretty good day enthough there is no sign of any resolution on the fiscal cliff. the dow stands back above 13,000, thank you very much, a gain of almost 83 points in trade yesterday. the nasdaq was off by 23 points and the s&p 500 was up by 2. sales of foreclosed homes rose 21% in the fourth quarter compared to the previous quarter. foreclosed -- foreclosure related sales accounted for 19% of all u.s. residential sales from july through september. foreclosed homes also sold for 32% less than the average price of a home not in foreclosure. it weighs down the price of all homes in the surrounding neighborhoods. >>> citigroup is eliminating 11,000 jobs. its goal is to rouse expenses and improve efficient -- reduce expenses and improve efficiency. it will close some branches. >>> apple stock fell over 6% yesterday. it's down another 2% today after hours trading to make matters worse, the stock now down 22% from its all time high. here's why. a research firm raised its outlook for sales of tablet computers and said apple's ipad probably won't be able to hold on to its
a pretty good day enthough there is no sign of any resolution on the fiscal cliff. the dow stands back above 13,000, thank you very much, a gain of almost 83 points in trade yesterday. the nasdaq was off by 23 points and the s&p 500 was up by 2. sales of foreclosed homes rose 21% in the fourth quarter compared to the previous quarter. foreclosed -- foreclosure related sales accounted for 19% of all u.s. residential sales from july through september. foreclosed homes also sold for 32% less...
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. >>> the bickering over the impending fiscal cliff is enough to drive just about anyone to drink. today the president will address the fiscal deadline facing america. and congress says if they do not reach an agreement by january 1 on spending, the u.s. could fall into a recession. tara mergener has more. >> reporter: today, president obama will urge lawmakers to work with him to steer the country away from the fiscal cliff. the cliff is a series of automatic tax hikes and spending cuts that will kick in at the end of the year, unless republicans and democrats can reach a deal. both sides say they are willing to work together. >> we're not going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: a fight over taxes is already looming. democratics want families making more than $250,000 a year to pay more. republicans reject that idea. they want cuts to entitlement programs and are pushing tax reform that closes loopholes and eliminates some deductions. >> this is an opportunity for the president to lead. this is his moment. to
. >>> the bickering over the impending fiscal cliff is enough to drive just about anyone to drink. today the president will address the fiscal deadline facing america. and congress says if they do not reach an agreement by january 1 on spending, the u.s. could fall into a recession. tara mergener has more. >> reporter: today, president obama will urge lawmakers to work with him to steer the country away from the fiscal cliff. the cliff is a series of automatic tax hikes and...
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-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child and then himself, he said bob costas was wrong when he argued that cassandra perkins would still be alive if belcher doesn't have a gun. what next? control on cars? they are used in more homicide than guns. we need to amp up our education on certain freedoms and liberties and put larger penalties on those who abuse them, but nick, that is the point. we don't ban cars because they're potentially dangerous, but there are significant controls on their use and ownership. they're registered, licensed and you have to have train
-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child...
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cliff. >> that fiscal cliff and the petraeus scandal will dominate the discussion on this week's face the nation. bob schieffer is with us now live. bob, in all the complaining about this fbi investigation and whether or not they told congress about the petraeus situation soon enough, is there just the tiniest little hint in there, that this scandal, if it had come out sooner, might have affected the election? >> i don't really think it would be, quite frankly, because i don't think it had much to do with what the campaign was all about. this campaign was about the economy, about jobs. it was about a lot of things and i do not think that the head of the cia resigning would have made all that much difference. i may be totally wrong about that, but i just don't think it would have. >> i think you're probably right. let's talk about the fiscal cliff, because i'm trying to figure out just how much compromise is actually on the table, because despite accommodating rhetoric, both sides seem to be digging in they're heels, not too far away from where they were last year. >> i think that's ex
cliff. >> that fiscal cliff and the petraeus scandal will dominate the discussion on this week's face the nation. bob schieffer is with us now live. bob, in all the complaining about this fbi investigation and whether or not they told congress about the petraeus situation soon enough, is there just the tiniest little hint in there, that this scandal, if it had come out sooner, might have affected the election? >> i don't really think it would be, quite frankly, because i don't think...
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wyatt andrews on the fiscal cliff. a nor'easter bears down on shores ravaged by sandy. ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is a special one-hour edition. $6 billion was spent on political campaigns and when they were over nothing much changed. republicans will still control the house, democrats the senate, and barack obama will still be president. this was the scene tonight as the president and the first family returned from chicago aboard air force one. they landed at joint base andrews right outside washington, d.c we will have a look at what you can expect from washington many the future, but first the latest returns. we still can't project a winner the presidential contest in florida, but even without florida mr. obama has 303 electoral votes-- we
wyatt andrews on the fiscal cliff. a nor'easter bears down on shores ravaged by sandy. ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is a special one-hour...
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gridlock over the so-called fiscal cliff. what's the fiscal or better put financial cliff? think of it as a high, steep rock. a ledge the u.s. is teetering on and will plunge over if no action is taken on certain financial matters. what are those? one, the bush era tax cuts. in 2001 and 2003, congress, under president george w. bush, lowered everyone's taxes. but it was only temporary, like 11 years temporary. less than two months from now midnight december 31, taxes go back up. the average household will pay more in taxes each year, $2000 to $3500 more. two, sequestration. what's that? new, big budget cuts. $110 billion in cuts in 2013 alone. they go into effect january 2, and will affect the defense budget and the domestic budget. the cbo, says unemployment could climb up over 9%, pushing the u.s. back into recession. why did this happen? an automatic sequestration or permanent set aside of $1.2 trillion was passed by congress, in order to force congress to compromise and figure out how to cut the budget itself. but, a congressional supercommittee of house and senate memb
gridlock over the so-called fiscal cliff. what's the fiscal or better put financial cliff? think of it as a high, steep rock. a ledge the u.s. is teetering on and will plunge over if no action is taken on certain financial matters. what are those? one, the bush era tax cuts. in 2001 and 2003, congress, under president george w. bush, lowered everyone's taxes. but it was only temporary, like 11 years temporary. less than two months from now midnight december 31, taxes go back up. the average...
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. >>> the fiscal cliff deadline is looming and senate leaders are trying to avert so the- called fiscal cliff. president obama says there is still time to reach an agreement, but he chastised lawmakers for waiting until the last minute. >> we're now at the point where in just a couple of days, the law says that every american's tax rates are going up. every american's paycheck will get a lot smaller. that would be the wrong thing to do for our economy. >> divided government is a good time to solve hard problems. in the next few days, leaders in washington have an important responsibility to work together to do just that. >> congressional leaders could present legislation to senators as early as tomorrow with a vote possible on sunday or monday. >>> coming up on 9 news -- ♪ [music] ♪ a local music legend dies. we'll have a look back at the career of mike aldredge. >>> welcome back, everybody. local blue grass music legend mike aldredch has died of cancer. he would have been 74 tomorrow. ♪ [music] ♪ he was a founding member of the group "the seldom seen." he also toured with perfo
. >>> the fiscal cliff deadline is looming and senate leaders are trying to avert so the- called fiscal cliff. president obama says there is still time to reach an agreement, but he chastised lawmakers for waiting until the last minute. >> we're now at the point where in just a couple of days, the law says that every american's tax rates are going up. every american's paycheck will get a lot smaller. that would be the wrong thing to do for our economy. >> divided government...
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you can get alerts sent straight to your phone about all of our fiscal cliff notes by texting the cliff to 25543. >>> more than $2 billion, that is the staggering amount of money spent on the presidential campaign according on campaign finance records. that includes nearly $86 million in fund raising by mitt romney's campaign in the final weeks of the election. a good portion was used on media ads. >>> one of the senate's most outspoken conservatives jim demint is stepping down. he's giving up his senate seat to run the conservative heritage foundation. deminute has been an influential member of the tea party movement. his announcement could have repercussions not only in the senate but in republican primaries across the country. >>> egyptian president mohamed morsi is not backing down. demonstrators continue to protest his decision to declare his laws above judicial review. morsi addressed the nation thursday and refused to delay a referendum on the country's new constitution set for next week. >>> the united states is closely monitoring the syrian army. defense secretary leon panetta
you can get alerts sent straight to your phone about all of our fiscal cliff notes by texting the cliff to 25543. >>> more than $2 billion, that is the staggering amount of money spent on the presidential campaign according on campaign finance records. that includes nearly $86 million in fund raising by mitt romney's campaign in the final weeks of the election. a good portion was used on media ads. >>> one of the senate's most outspoken conservatives jim demint is stepping...
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the fiscal cliff is a man made phenomenon. they don't have to go over the fiscal cliff. they can raise the debt ceiling. his message was, do your job. and i don't know whether that is going to get through. you would think saner heads would prevail. we will have an election. somebody will win. there will be a lame duck session. and that will be an opportunity to confront some of these issues. but it is not good news for the american people in the months going forward. >> rich? >> i think all of that is absolutely right. you said unemployment is going to be 7% or above by the end of 2014. it is just an astonishing number and it was basically a cry to help to congress. he basically said we've done all that we, can and there might be a little more tricks in his bag, but congress should avoid the fiscal cliff. if we don't, there will be a recession. and about a million fewer jobs would be projected. which is fine with me. congress should get together right now and extend all of the bush tax cuts for another year. and doing the patty murray plan, letting them all expire would
the fiscal cliff is a man made phenomenon. they don't have to go over the fiscal cliff. they can raise the debt ceiling. his message was, do your job. and i don't know whether that is going to get through. you would think saner heads would prevail. we will have an election. somebody will win. there will be a lame duck session. and that will be an opportunity to confront some of these issues. but it is not good news for the american people in the months going forward. >> rich? >> i...
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the fiscal cliff. it's not a cliff. it's a metaphor that refers to two single acts of congress signed by the president. spending cuts and tax hikes that can be easily changed as they were created. so enough already about a cliff. okay. capitalist of the year, pat? >> french actor gerald depardo. he flees from france to belgium to avoid the income tax. gives up his citizen shap. mort, you ought to take a look at that example. he fled the country. >> i will get back to you. >> mayor bloomberg, who put $250,000 into the maryland same-sex marriage campaign which succeeded. also, he used his money to defeat a pro-gun democratic in california. money well spent by the mayor of new york. >> fed chairman bernanke who saved the financial system which is at the core of capitalism. >> beautifully stated. >> jim demint from his move from the senate to the heritage foundation. i want to tell you mr. capitalist. >> with that salary? capitalist of the year mark zuckerman. for his $200 million contribution to columbia university for the
the fiscal cliff. it's not a cliff. it's a metaphor that refers to two single acts of congress signed by the president. spending cuts and tax hikes that can be easily changed as they were created. so enough already about a cliff. okay. capitalist of the year, pat? >> french actor gerald depardo. he flees from france to belgium to avoid the income tax. gives up his citizen shap. mort, you ought to take a look at that example. he fled the country. >> i will get back to you. >>...
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click on the fiscal cliff banner which is at the top of our home page. you'll find a countdown clock and a calculator to help you figure out the impact the fiscal cliff will have on you. >>> u.s. senator jim demint has announced he's resigning. the republican from south carolina is leaving capitol hill to become president of the heritage foundation. he was first elected to the senate in 2004. south carolina governor nik haley will appoint a replacement. >>> we're waiting to hear if the man charged in the august shooting at the family research council will take a plea deal. prosecutors told floyd lee corkins that he would have to plead guilty to three of ten counts in the federal indictment, including a charge of committing an act of terrorism. corkins is accused of opening fire at the council in northwest washington. a man wounded in that shooting held down the gunman until police arrived. >>> there will be a much different tone outside the white house. that's because the annual pageant of peace and the national christmas tree lighting festivities are ab
click on the fiscal cliff banner which is at the top of our home page. you'll find a countdown clock and a calculator to help you figure out the impact the fiscal cliff will have on you. >>> u.s. senator jim demint has announced he's resigning. the republican from south carolina is leaving capitol hill to become president of the heritage foundation. he was first elected to the senate in 2004. south carolina governor nik haley will appoint a replacement. >>> we're waiting to...
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this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your paycheck is going to go down. the reason? because the tax withholding in your paycheck is going to increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means that your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cuts and emergency unemployment benefits were originally passed on a temporary basis. the thinking was that the economy would be in much better shape by now and the policies could expire without causing a recession. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> i'm colonel will bourn stationed in kabul afghanistan. i'd like to send out a many are rei christmas to my wife and family and -- merry christmas to my wife and family in northern virginia. >>> we are gearing up for a
this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your paycheck is going to go down. the reason? because the tax withholding in your paycheck is going to increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means that your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cuts...
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cliff and raising taxes on the wealthiest would cost jobs. >> reporter: how to avoid this fiscal cliff are expected to begin in ernest next week when congress returns to work. >> legislation is the art of compromise, consensus building. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters is where the increased revenue comes from and what type of reform comes with it. >> reporter: vice president bid inis certain a solution can be found. >> we're not is going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: finding a solution in a lame duck congress could prove complicated. and that report from the congressional budget office also said if no agreement is reached the jobless rate would go up to 9.1% next year. >> susan mcginnis in washington on a friday morning. thank you so much. here in the northeast recovery from a pair of powerful storms is slow, painful and frustrating. this morning air travel in new york is expected to return to normal follow
cliff and raising taxes on the wealthiest would cost jobs. >> reporter: how to avoid this fiscal cliff are expected to begin in ernest next week when congress returns to work. >> legislation is the art of compromise, consensus building. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters is where the increased revenue comes from and what type of reform comes with it. >> reporter:...
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>> right, right. >> that's right sky fall fiscal cliff. we're sky falling off the fiscal cliff as world markets -- it just keeps going. overseas markets down yet again this morning. that follows a two day selloff on wall street. the dow has fallen 432 points since election day. they are worried about the ability to work together. because they've worked together so well so far. they also remain concerned about europe's debt crisis. checking the numbers for you if we must, close your eyes -- put your seat belt on -- >>> in the meantime, sandy could wind up costing new york state $33 billion. that would make it the second most expensive storm in u.s. history behind hurricane katrina which battered new orleans in 2005. airlines are assessing the impact of sandy on their bottom lines and united airlines says it lost $90 million in sales last month. >>> priceline.com is buying rival online travel research company kayak. the deal is worth $1.8 billion. now kayak allows users to compare hundreds of flights travel sites rather while looking for fli
>> right, right. >> that's right sky fall fiscal cliff. we're sky falling off the fiscal cliff as world markets -- it just keeps going. overseas markets down yet again this morning. that follows a two day selloff on wall street. the dow has fallen 432 points since election day. they are worried about the ability to work together. because they've worked together so well so far. they also remain concerned about europe's debt crisis. checking the numbers for you if we must, close your...
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but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low 40s. a very active weather week coming up. i'll have your seven-day forecast in about five minutes. right now over to liz with a look at timesaver traffic. >>> good morning. the commute very much the same as the weather apparently. 270 montrose all quiet, cleared out. might see shopping traffic as the day goes on with the last- minute shoppers. otherwise so far so good. on the virginia ride, 395 at duke street, everything moves right along there. no problems on 95 coming in towards the mixing bowl either. that's a look at your timesaver traffic. now back to andrea. >
but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low...
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Dec 18, 2012
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that's instead of the $250,000 threshold he had campaigned on. >>> the fiscal cliff negotiations were very much on the minds of a few thousand people who gathered today right next to the capitol as matt jablow tells us their voices were loud and their message was clear. >> reporter: in the shadow of the nation's capitol. >> amen. >> reporter: where talks couldn'ted today to to avow -- continue today to try to avoid the so-called fiscal cliff. >> now is not the time for congress to turn its backs on us. >> reporter: several thousand people came together at the upper senate park to add their voices to the discussion. >> we are here today to demand that our government works for us. >> reporter: the rally was organized by several progressive political groups and labor unions. >> so many of us are already dangling on our very own fiscal cliffs. >> reporter: speaker after speaker hammering home the same points. >> we are here to fight for a good deal for america's families and for students. >> reporter: that fiscal cliff negotiations cannot result in cuts to social security, medicare, or me
that's instead of the $250,000 threshold he had campaigned on. >>> the fiscal cliff negotiations were very much on the minds of a few thousand people who gathered today right next to the capitol as matt jablow tells us their voices were loud and their message was clear. >> reporter: in the shadow of the nation's capitol. >> amen. >> reporter: where talks couldn'ted today to to avow -- continue today to try to avoid the so-called fiscal cliff. >> now is not the...
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Nov 9, 2012
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can go off a so-called fiscal cliff. i heard a lot of questions what do you mean what if we do nothing? >> i'm charlie rose with gayle king. norah o'donnell. president obama speaks out today for the first time since his re-election peak about the fiscal crisis. >> the president is expected to lay out his expectations with his negotiations with congress. nancy cordes is at the white house. good morning. >> reporter: good morning. typically after a president wins re-election he'll come out and do a big news conference. that is not what this is. president obama will not be taking questions. we hope that that will happen next week but in the meantime i think the white house started to notice that the republican house speaker john boehner had come out to speak about the fiscal cliff on wednesday. he's going to speak about it again today and the white house realized that the president needed to come out and stake his territory, lay the ground work for these negotiations as well. so what he's going to argue today we expect is t
can go off a so-called fiscal cliff. i heard a lot of questions what do you mean what if we do nothing? >> i'm charlie rose with gayle king. norah o'donnell. president obama speaks out today for the first time since his re-election peak about the fiscal crisis. >> the president is expected to lay out his expectations with his negotiations with congress. nancy cordes is at the white house. good morning. >> reporter: good morning. typically after a president wins re-election...
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Dec 5, 2012
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log onto www.wusa9.com and click on fiscal cliff. >>> it is a tax originally designed to make sure that the wealthy folks pay at least some tax, but the middle class could feel even more pain if we go off that fiscal cliff because the alternative minimum tax which was passed in 1969 to catch a small number of families that pay no taxes, if we go over the cliff, it could impact one in five taxpayers. >> the average amount they say for each family is 3,500 per year. that would be 300 a month, but that's a lot of money. what are you going to give up? >> if the budget deal is not done, the amt tax could apply to individuals making just $34,000 a year and joint filers earning $45,000 in 2013. that's another 28 million households and a lot of deduction goes away as well. >>> turns out you can't say whatever you want on the internet. a judge ordered a fairfax county woman to take down parts of her nasty review of her contractor and she may yet face hundreds of thousands of dollars in damages. bruce leshan is live in fairfax with the details. bruce. >> reporter: yeah, anita, jane perez hired an
log onto www.wusa9.com and click on fiscal cliff. >>> it is a tax originally designed to make sure that the wealthy folks pay at least some tax, but the middle class could feel even more pain if we go off that fiscal cliff because the alternative minimum tax which was passed in 1969 to catch a small number of families that pay no taxes, if we go over the cliff, it could impact one in five taxpayers. >> the average amount they say for each family is 3,500 per year. that would be...
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Dec 6, 2012
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just click the fiscal cliff banner at the top of our home page. there you'll find the countdown clock and a calculator to help figure out the cliff's impact on you. >>> later this morning, the man accused of shooting the manager at the family research council is supposed to let prosecutors know if he will take a plea deal or not. prosecutors told floyd lee corkins that he would have to plead guilty to three counts of ten counts in a federal indictment, including a charge of committing an act of terrorism. corkins is accused of opening fire at the council's headquarters in northwest washington not long ago. the man wounded in the shooting held down the gunman until police got there. >>> a new study could change the way women are treated for breast cancer. british researchers found taking the drug tamoxifen for a longer period of time could have major benefits. researchers are suggesting women take tamoxifen for ten years. that's twice the current recommendation. they say patients who do are less likely to die from the disease and less likely to hav
just click the fiscal cliff banner at the top of our home page. there you'll find the countdown clock and a calculator to help figure out the cliff's impact on you. >>> later this morning, the man accused of shooting the manager at the family research council is supposed to let prosecutors know if he will take a plea deal or not. prosecutors told floyd lee corkins that he would have to plead guilty to three counts of ten counts in a federal indictment, including a charge of committing...
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Oct 23, 2012
10/12
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and the cost of doing nothing is the fiscal cliff. and it's causing tremendous uncertaintity in the business community. and the business comminity not investing. there's nor cash in our banks and in corporations and the reason for that is the perception of opportunities is very limited because of the fiscal cliff and i think we need leadership as government. we need leadership around solving the problem. the good of the public is at stake unless we solve this problem. >> should tax hikes be on the table as part of solveing it problem. congressman bartlett you said no. how do we get there? >> maryland had a millionaire tax. a third of the millionaires left maryland in one year and they had reduced revenues. you get less of what you tax. we work more than after a year to pay the cost of government at all levels. i think that is quite enough. i think we have more taxes and you may depress the economy. you don't always get new revenues. >> why not have the wealthy pay a little more? it seems fair to the average american. >> right now the
and the cost of doing nothing is the fiscal cliff. and it's causing tremendous uncertaintity in the business community. and the business comminity not investing. there's nor cash in our banks and in corporations and the reason for that is the perception of opportunities is very limited because of the fiscal cliff and i think we need leadership as government. we need leadership around solving the problem. the good of the public is at stake unless we solve this problem. >> should tax hikes...
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Dec 28, 2012
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cliff to deal with this fiscal cliff. again, a total lack of courage, lack of leadership. >> senator corker, does congress realize how ridiculous this looks to the american public, dueling pros conferences. we're minutes away from a fiscal cliff and no one in washington is taking it seriously. >> i think most understand. i think you both know i laid out a very detailed bit. i shared wit the white house, with speaker boehner, with leaders at every level. 've put forth an entitlement package. the problem is we don't want to deal with the issues. yes, i understand that. we should not have back room meetings. the reason we have back-door meetings is, again, dwoejts have the courage to debate these on the floor. >> so no one gets the blame. instead everyone gets the blame. >> that's exactly right. >> i want to ask you about speaker boehner. plan b didn't work out. his own party didn't vote for it. i wonder would he be willing to put out a deal that he knows the gop won't back but it will get them to a deal? >> i don't know wha
cliff to deal with this fiscal cliff. again, a total lack of courage, lack of leadership. >> senator corker, does congress realize how ridiculous this looks to the american public, dueling pros conferences. we're minutes away from a fiscal cliff and no one in washington is taking it seriously. >> i think most understand. i think you both know i laid out a very detailed bit. i shared wit the white house, with speaker boehner, with leaders at every level. 've put forth an entitlement...
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Nov 8, 2012
11/12
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going off the fiscal cliff means crashing into your home. >> if we go over the fiscal cliff, we will increase taxes by $500 billion through 2013. that's an average tax increase of $3500 for every household in america. >> then there is is he qes straichghts months and months ago congress said we will impose automatic cuts that are so bad in january that, of course, we'll cut a better deal before they kick in. they haven't cut a better deal. >> it's just across the board sought doesn't speak to the quality of the programs at all. it's just a very slap-dash approach. in that respect people are going to get hurt unnecessarily, so think smithsonian, department of interior, department of commerce, across the board cuts. >> for that matter, think metro. >> $12 million cuts in the federal contribution to metro, and ridership will go down. they actually think this could be about a $30 million hit to metro. >> $100 billion in cuts. >> every single government program except for medicaid and social security is going to get cut at the end of the year if we go over the cliff. >> with government cu
going off the fiscal cliff means crashing into your home. >> if we go over the fiscal cliff, we will increase taxes by $500 billion through 2013. that's an average tax increase of $3500 for every household in america. >> then there is is he qes straichghts months and months ago congress said we will impose automatic cuts that are so bad in january that, of course, we'll cut a better deal before they kick in. they haven't cut a better deal. >> it's just across the board sought...
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Dec 18, 2012
12/12
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we might be getting closer to a deal on the fiscal cliff. president obama and speaker of the house john boehner met at the white house yesterday to discuss the issue. the president presented a new plan which closely monitors -- closely rather mirrors speaker boehner's proposal. the new plan would increase tax rates on americans who earn more than $400,000 a year. it includes more than $200 billion in spending cuts on programs such as medicare. the speaker's latest plan calls for a tax hike on americans who earn $1 million a year or higher. >>> 9news is tracking the discusseses on capitol hill concerning the fiscal cliff, and we've broken our newsroom into four groups. one to monitor the potential impact on the local economy. a second to prepare you for what could happen to you and your family. a third will help you take action and the fourth will hold lawmakers accountable. you can get alerts about all our fiscal cliff notes by texting the cliff to 25543. >>> virginia governor bob mcdonnell's revised budget includes modest spending increases
we might be getting closer to a deal on the fiscal cliff. president obama and speaker of the house john boehner met at the white house yesterday to discuss the issue. the president presented a new plan which closely monitors -- closely rather mirrors speaker boehner's proposal. the new plan would increase tax rates on americans who earn more than $400,000 a year. it includes more than $200 billion in spending cuts on programs such as medicare. the speaker's latest plan calls for a tax hike on...
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Dec 19, 2012
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we made it easy for you to track the latest developments on the fiscal cliff. head to our website, wusa9.com and click on fiscal cliff at the top. >>> coming up, the suspect known as the butt slasher. his back side's now right back here in the usa and he'll be facing charges here in our area. >>> still ahead on 9, plenty of toys ready to be donated to plenty of kids. but this story needs a middle man. could it be you ready to play santa? topper. >>> 62 was the high. another day in paradise in december. let's start with your wakeup weather. grab a light jacket. mid-40s to mid-50s at 5:00. generally in the 40s by 9:00. we'll come back and talk about whether or not the winds are going to be a factor tomorrow afternoon. look ahead to another storm we're tracking a >> new at 11:00, he's accused of attacking ten women in shopping centers around fairfax county. tonight the man accused of being the so-called but slasher has been extradited back. he was arrested by authorities in peru in january. since that time u.s. marshals have been fighting to get him back to virgin
we made it easy for you to track the latest developments on the fiscal cliff. head to our website, wusa9.com and click on fiscal cliff at the top. >>> coming up, the suspect known as the butt slasher. his back side's now right back here in the usa and he'll be facing charges here in our area. >>> still ahead on 9, plenty of toys ready to be donated to plenty of kids. but this story needs a middle man. could it be you ready to play santa? topper. >>> 62 was the high....
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Nov 12, 2012
11/12
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crisis here and a fiscal cliff. most people are saying this is serious and we got to have serious negotiations and everything has to be on table. but you seem to be resisting that. what do you think happens if the fiscal cliff happens as a reality and this economy goes over the cliff? >> well two things. the fiscal cliff is a tax increase of $500 billion. we had exactly the same scenario two years ago that we have today obama huffed and puffed and threatened to let us go off the fiscal cliff and at the end of the day cooler heads prevail and all of the tax cuts were continued for two years. in 2011 obama said the world would end we should pass around smelling salts because he wanted to raise the debt ceiling. we got a debt ceiling agreement, great compromise, we had spending, didn't raise tax, didn't cut spending as much as the republicans wanted, the ryan plan would have reduced obama's overall spending by 6 trillion. we got 2.5 trillion in restraint. that's a compromise. not as much the republicans wanted. the rep
crisis here and a fiscal cliff. most people are saying this is serious and we got to have serious negotiations and everything has to be on table. but you seem to be resisting that. what do you think happens if the fiscal cliff happens as a reality and this economy goes over the cliff? >> well two things. the fiscal cliff is a tax increase of $500 billion. we had exactly the same scenario two years ago that we have today obama huffed and puffed and threatened to let us go off the fiscal...
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Dec 30, 2012
12/12
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the fiscal cliff is the worst -- i mean they know what they got to do. they just don't want to do it because it's unpleasant. they know raising taxes and cutting spending but i -- >> i'm going to give you the worst political theater, new york governor andrew cuomo and new york mayor michael bloomberg blaming hurricane sandy on global warming. come on guys! >> he's right. >> you build houses on the shoreline and you're going get flooded whether it's a combination of high tides, storm surge and wind even by a category 1. the weakest category. like sandy. you going to get flooded. you got it pat? >> seems to >>> okay. most underreported story of 2012. pat? >> now the big media went into the tank for barack obama. >> eleanor? >> when you have hundred year storms every couple of years. you've got a problem. the most seriously underreported story is the threat of climate change. >> oh dear. susan? >> federal government rate of the gibson guitar factory. they confiscated the merchandise because a small business took some wood -- that was the incorrect level of
the fiscal cliff is the worst -- i mean they know what they got to do. they just don't want to do it because it's unpleasant. they know raising taxes and cutting spending but i -- >> i'm going to give you the worst political theater, new york governor andrew cuomo and new york mayor michael bloomberg blaming hurricane sandy on global warming. come on guys! >> he's right. >> you build houses on the shoreline and you're going get flooded whether it's a combination of high tides,...
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Nov 15, 2012
11/12
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economy goes over the fiscal cliff. >>> president obama will work with republicans to avoid the fiscal cliff, the automatic spending cuts and tax hikes that could take effect in the start of the new year. but he's standing by his commitment to raise taxes for those making more than $250,000. >> that's something they say they will not affect. new tax hikes will hit very hard. especially on parents. jessica doyle reports they could have a tough time paying for childcare. >> reporter: it's a dilemma facing families across the country. >> reporter: the mother of three, says not being able to get that tax credit for childcare expenses could really impact her family. >> we typically get a refund and, you know, thinking that it might not be a possible for some people that do use that money at the end of the year to take care of big expenses could be very tough. >> reporter: that's why they are warning parents to plan carefully. andologist congress -- and unless congress plans to pay taxes, they will only get $500 as opposed to $1,000. >> the best thing to do is plan accordingly. >> families c
economy goes over the fiscal cliff. >>> president obama will work with republicans to avoid the fiscal cliff, the automatic spending cuts and tax hikes that could take effect in the start of the new year. but he's standing by his commitment to raise taxes for those making more than $250,000. >> that's something they say they will not affect. new tax hikes will hit very hard. especially on parents. jessica doyle reports they could have a tough time paying for childcare. >>...
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Nov 14, 2012
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. >>> president obama is scheduled to hold a press conference today to discuss the fiscal cliff. he's been meeting with business and labor leaders ahead of fiscal cliff negotiations with congress, but the president is sure to be questioned about the scandal surrounding general petraeus and allen. he's also likely to be questioned about his plans to replace general petraeus. secretary of state hillary clinton and treasury secretary timothy geithner. >>> today democrat national pelosi will announce whether she'll continue in her role as house minority leader or step down. she's asked female democrats in the house including incoming freshmen to join her at the conference. she became the first woman to lead a party caucus in the house and senate. after the mid-term elections, she became the first emale speaker of the house ever. >>> we have new information on the massachusetts pharmacy linked to a deadly meningitis outbreak. federal health inspectors wanted to shut down the new england compounding center ten years ago but federal regulators deferred to their state counterparts who re
. >>> president obama is scheduled to hold a press conference today to discuss the fiscal cliff. he's been meeting with business and labor leaders ahead of fiscal cliff negotiations with congress, but the president is sure to be questioned about the scandal surrounding general petraeus and allen. he's also likely to be questioned about his plans to replace general petraeus. secretary of state hillary clinton and treasury secretary timothy geithner. >>> today democrat national...
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Dec 24, 2012
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the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift through this week, including the latest on home prices and sales, consumer confidence and jobless claims. >>> it's not only investors but washington's failure to agree on a budget is affecting everyday americans' confidence about their finances. the university of michigan says its consumer sentiment index for december fell sharply from november's five-year high. more than one in four people surveyed cited concerns about higher taxes. >>> these are definitely the times we need comfort food the most. thank goodness twinkies, wonder bread and devil dog
the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift...
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Dec 18, 2012
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in case he does not reach a fiscal cliff deal with the president. >> our plan b. would protect american taxpayers who make $1 million or less. >> reporter: still looking for a way to avoid the cliff's automatic tax hikes and sweeping spending cuts, the white house quickly rejected boehner's proposal. >> he would lose hundreds of billions of dollars of revenue. relative to the decoupling the president proposed and most of that money or a significant portion of that money if not most would go to millionaires. >> reporter: despite all the talk of a backup plan, the day began here inside the capitol with real optimism that a fiscal cliff compromise with the white house is getting closer. both sides are making concessions. the president initially insisted on letting tax cuts expire for households making $250,000 or more. but his new proposal raises that threshold to $400,000. >> if the president has demonstrated obvious willingness to compromise. >> when you're getting closer. you are certainly not -- maybe you're at the 20-yard line. but you haven't scored. >> reporte
in case he does not reach a fiscal cliff deal with the president. >> our plan b. would protect american taxpayers who make $1 million or less. >> reporter: still looking for a way to avoid the cliff's automatic tax hikes and sweeping spending cuts, the white house quickly rejected boehner's proposal. >> he would lose hundreds of billions of dollars of revenue. relative to the decoupling the president proposed and most of that money or a significant portion of that money if not...
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Dec 6, 2012
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that's why there's extreme worry about the fiscal cliff. i'm peggy fox. coming up what county leaders are doing to try to stop it. >> reporter: i'm kristin fisher in a maintenance yard for the national park service where a group of 5th graders are learning everything that goes into planning for a presidential inauguration. do they have what it takes? find out coming up. >> and you know, redskins fans are not the only ones in love with rg3. his opponents are in awe, as they should be. we'll hear what ravens head coach john harbaugh is afraid of. wo up with ts horrle sh on right sid iense burni sensaon sd, you hadhickenxe, en yosa, yes, i d.irl. d't think ybody er thinks th're goi get shings. but itappeneto me. r re of the side sry, visit shinesinfoom >>> this sunday will mark the first time in four years the redskins and ravens face off in the regular season. this time there's a whole lot on the line. baltimore is just one win from clinching a playoffs spot while rg3 has the redskins back in the hunt for the postseason. recently i sat down with ravens head
that's why there's extreme worry about the fiscal cliff. i'm peggy fox. coming up what county leaders are doing to try to stop it. >> reporter: i'm kristin fisher in a maintenance yard for the national park service where a group of 5th graders are learning everything that goes into planning for a presidential inauguration. do they have what it takes? find out coming up. >> and you know, redskins fans are not the only ones in love with rg3. his opponents are in awe, as they should...
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Nov 16, 2012
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cliff. >> -- on cbs "this morning." >> nobody likes the fiscal cliff and so much now didn't have much time to talk about it. >> yeah. the sex scandal is all anybody in washington can talk about. i wonder why the country is in financial ruin? >>> welcome to cbs "this morning." i'm charlie rose in new york. norah o'donnell is in washington. so is information cia director david petraeus who is meeting with members of congress this morning. >> margaret brennan is at the capitol where this morning's closed door hearings are being held. >> reporter: good morning to you, norah and there are camera crews at virtually every entrance of the capitol to get a glimpse of dividend petraeus. he returns as a disgraced former head of the cia and in about 30 minutes he'll appear behind those closed doors to answer questions about intelligence failures and the agency's role in that fatal attack on the u.s. mission in benghazi. >> director pept ptraeus went t tripoli and interviewed many of the people involved. so the opportunity to get his views, i think, are very important. >> reporter: david petraeus
cliff. >> -- on cbs "this morning." >> nobody likes the fiscal cliff and so much now didn't have much time to talk about it. >> yeah. the sex scandal is all anybody in washington can talk about. i wonder why the country is in financial ruin? >>> welcome to cbs "this morning." i'm charlie rose in new york. norah o'donnell is in washington. so is information cia director david petraeus who is meeting with members of congress this morning. >>...
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Nov 8, 2012
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going off the fiscal cliff means crashing into your home. >> if we go over the fiscal cliff, we will increase taxes by $500 billion through 2013. that's an average tax increase of $3,500 for every household in america. >> reporter: then, there is sequestration. months can months ago congress said we'll impose automatic cuts that are so bad in january, that of course we'll cut a better deal before they kick in. they havement cut a better -- they haven't cut a better deal. >> it's just across the board. it's just a very slap dash approach. and in that respect people are going to get hurt unnecessarily. so thank the department of interior. department of commerce. across the board cuts. >> reporter: for that matter, think metro. >> with you $12 million cuts in the federal contribution to metro and ridership will go down. they think this could be about a $30 million hit to metro. >> reporter: $100 billion in cuts. >> every single government program except for medicaid and social security is going to get cut at the end of the year. if we go over the cliff. >> reporter: with government cuts
going off the fiscal cliff means crashing into your home. >> if we go over the fiscal cliff, we will increase taxes by $500 billion through 2013. that's an average tax increase of $3,500 for every household in america. >> reporter: then, there is sequestration. months can months ago congress said we'll impose automatic cuts that are so bad in january, that of course we'll cut a better deal before they kick in. they havement cut a better -- they haven't cut a better deal. >>...
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Dec 31, 2012
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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Nov 12, 2012
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the fiscal cliff. >> starting tomorrow the pressure is really, really on for congress. hard-core. the reon why lawmakers are returning from their lame-duck session and have just 16 scheduled work days to stop a potential recession next year. they meet tomorrow. the way things are right now on january 1, a $600 billion package of austerity measures kick in to cut the deficit. we're talking a series of tax hikes and spending cuts that could cripple the local and national economy. the president and a group of bipartisan congressional leaders will hold their first fiscal cliff meeting on friday. republicans and democrats of course taking to the sunday talk shows with their agendas but both sides did indicate there could be a growing bipartisan consensus that any solution must include a combination of spending cuts and revenue increases. >>> in the other financial headache hanging over global economies, there is a step forward to tell you about in the greek debt crisis. greek lawmakers have approved the country's 2013 austerity budget. this is a key step in greece's efforts to persuade
the fiscal cliff. >> starting tomorrow the pressure is really, really on for congress. hard-core. the reon why lawmakers are returning from their lame-duck session and have just 16 scheduled work days to stop a potential recession next year. they meet tomorrow. the way things are right now on january 1, a $600 billion package of austerity measures kick in to cut the deficit. we're talking a series of tax hikes and spending cuts that could cripple the local and national economy. the...
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Nov 13, 2012
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. >>> president obama is trying to gain support for his plan to avoid the fiscal cliff. today he'll meet with labor leaders. tomorrow he hopes to earn the support of business leaders. friday he'll talk to congressional leaders. the fiscal cliff is a series of tax increases and across the board spending cuts which many economists say could push our country into another recession. congress is also going to be working on the fiscal cliff when it comes back to work today. the house and senate have been in recess since september when legislators took a break for elections. both democratic and republican leaders say they do believe some kind of deal can be worked out before the end ever the year. newly elected senators from both sides will get a chance to meet their new colleagues. >>> the department of defense is investigating america's top military official in afghanistan. >> the investigation is linked to david petraeus, the former head of the c.i.a. >> reporter: general john allen, the man who succeeded david petraeus as head of the international forces in afghanistan is n
. >>> president obama is trying to gain support for his plan to avoid the fiscal cliff. today he'll meet with labor leaders. tomorrow he hopes to earn the support of business leaders. friday he'll talk to congressional leaders. the fiscal cliff is a series of tax increases and across the board spending cuts which many economists say could push our country into another recession. congress is also going to be working on the fiscal cliff when it comes back to work today. the house and...
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Dec 18, 2012
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you can learn more about the fiscal cliff which could hit in two weeks from today. just go to other website wusa9.com. click on the fiscal cliff tab right at the top of the home page. >>> the first japanese american ever to serve in congress has died. senator danielle inouye -- daniel inouye from hawaii passed away after battling some respiratory problems. he was 88. he was first elected in 1959, the same year hawaii became a state and he's been serving ever since. inouye was the second longest serving member of congress. he was also a war hero. born in 1924, inouye was 17 when japanese planes flew over his home to bomb pearl harbor and he signed up. he lost an arm to a german grenade while he was fighting in italy. his colleagues are still amazed by his legacy. >> it can be seen in every mile of every road in hawaii, in every nature preserve, in every facility that makes hawaii a safer place. >> senator inouye died at walter reed national military medical center. this was yesterday. he was 88. >>> still to come when the news continue this morning, theater bus. the
you can learn more about the fiscal cliff which could hit in two weeks from today. just go to other website wusa9.com. click on the fiscal cliff tab right at the top of the home page. >>> the first japanese american ever to serve in congress has died. senator danielle inouye -- daniel inouye from hawaii passed away after battling some respiratory problems. he was 88. he was first elected in 1959, the same year hawaii became a state and he's been serving ever since. inouye was the...
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Dec 7, 2012
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they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of america. he does not want to burden them with the potential $2,000 a year hike in taxes. meanwhile, republican senator jim demint of south carolina among all -- in the midst of all the fiscal cliff talks and the pressure that's mounting here on capitol hill, well, the senator resigned the senate yesterday. he said he's going to head a conservative think tank claiming he can do more there than he can do here in congress. we'll have another report in a half-hour. back to you. >> delia goncalves with that june date from capitol hill. >>> local lawmakers are talking to 9news about the fis
they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of...
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Dec 9, 2012
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first, the bad news, it is just tweet days until the fiscal cliff deadline. the good news, only 17 days the mayans say we're all going to die so who cares about the fiscal cliff! exactly. >> we would like to announce we have reached an agreement to avoid a fiscal cliff. in order to get the support of the speaker, i agree there will be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean, i won the election. ( laughter ) i have the leverage. why give in? well, simply put-- i felt sorry for this man. >> is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! it. >> the ongoing talks. >> there aren't even very many talks going on. ( laughter ) >> you're kidding us! give us something! >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! ( cheers and applause ) ( laughter ) >> schieffer: that is our "face the nation" flashback. one note to major garrett. major, i was here 10 years before people thought i was important enough, and you are off to a fine start. >>
first, the bad news, it is just tweet days until the fiscal cliff deadline. the good news, only 17 days the mayans say we're all going to die so who cares about the fiscal cliff! exactly. >> we would like to announce we have reached an agreement to avoid a fiscal cliff. in order to get the support of the speaker, i agree there will be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean, i won the election. ( laughter ) i have the leverage. why give in? well,...
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Dec 30, 2012
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>>> the deadline is fast approaching, and no deal yet to avoid the fiscal cliff. good evening. i'm surae chinn. bruce johnson is off tonight. we'll have the latest on the fiscal cliff in a moment but first tonight, after snow and rain fell across the region today there are concerns about a refreeze. let's head straight over to erica grow in the weather center. >> i'll show you all the elements that are in place that are concerning about a refreeze. first of all the he snow that fell. here's a look at storm totals in the state of maryland. four inches in frostburg, three inches in emmitts burg, one inch in laytonsville. in virginia, two inches in front royal, almost one inch at dulles airport, just about .3 of an inch in chantilly. so we had that moisture. we also had a little bit of rain. everything melted as we headed into the afternoon hours. right now temperatures are still above freezing in a couple locations, like hagerstown 34, 36 in frederick and gaithersburg, still 40 in d.c., but we have strong winds out of the north and northwest. a 32 miles per hour wind gust right n
>>> the deadline is fast approaching, and no deal yet to avoid the fiscal cliff. good evening. i'm surae chinn. bruce johnson is off tonight. we'll have the latest on the fiscal cliff in a moment but first tonight, after snow and rain fell across the region today there are concerns about a refreeze. let's head straight over to erica grow in the weather center. >> i'll show you all the elements that are in place that are concerning about a refreeze. first of all the he snow that...
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Dec 6, 2012
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. >> while the impact of going over that fiscal cliff will be far and wide, there's one local jurisdiction that is especially vulnerable. massive spending cuts could lead to huge reductions in federal contractors and that would be a devastating blow to fairfax county. peggy fox explains. >> reporter: northern virginia is the economic engine of the state. what is it that's transformed and built the economy? federal contracting. from 1980 through 2009 federal contracting in northern virginia increased from $1.7 billion to 38.5 billion, but there's worry the bottom could fall out. >> government contractors stopped doing business in fairfax county because it will be dramatically reduced. >> reporter: these two men were farther of the board meeting this week asking congress to hurry up and resolve the impending sequestration. >> if you make the kind of cuts that some suggest happen are then you're really hurting a lot of the small businesses and residents in fairfax county who rely on federal contracts for their livelihood and ultimately that trickles down to and affects fairfax county. >> repo
. >> while the impact of going over that fiscal cliff will be far and wide, there's one local jurisdiction that is especially vulnerable. massive spending cuts could lead to huge reductions in federal contractors and that would be a devastating blow to fairfax county. peggy fox explains. >> reporter: northern virginia is the economic engine of the state. what is it that's transformed and built the economy? federal contracting. from 1980 through 2009 federal contracting in northern...